Those who have acquired loans under TUFS (Technological Upgradation Funds Scheme) will get a breather as govt. has announced a moratorium of loan repayment upto one year. However, this moratorium will be implemented on a case-to-case basis. The textile industry has lobbied for two-year moratorium but will be happy to got atleast for one year

GAIL has cut supply to Gujarat Gas co and Gujarat Gas has inturn supply of gas to Surat textile units. Over 300 units have been affected as daily contracted quantity has been reduced by 34%. Any additional quantity has to be purchased at double the price. This move has upset textile unit owners and with current slow-demand many feel this move is uncalled for.